2022 Q3 Form 10-K Financial Statement

#000159991623000009 Filed on January 09, 2023

View on sec.gov

Income Statement

Concept 2022 Q3 2022 2021
Revenue $8.828M $34.69M $28.43M
YoY Change 1.38% 22.0% 35.27%
Cost Of Revenue $4.801M $17.31M $13.70M
YoY Change 14.31% 26.36% 30.0%
Gross Profit $4.027M $17.38M $14.74M
YoY Change -10.66% 17.95% 40.58%
Gross Profit Margin 45.62% 50.11% 51.83%
Selling, General & Admin $2.796M $10.98M $10.43M
YoY Change 5.11% 5.2% -8.09%
% of Gross Profit 69.43% 63.14% 70.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $82.26K $91.97K $547.9K
YoY Change -23.72% -83.22% -30.33%
% of Gross Profit 2.04% 0.53% 3.72%
Operating Expenses $2.796M $10.98M $10.43M
YoY Change 5.11% 5.2% -8.09%
Operating Profit $1.231M $6.408M $4.304M
YoY Change -33.37% 48.86% -595.82%
Interest Expense -$540.00 $58.06K -$559.8K
YoY Change -97.78% -110.37% 794.11%
% of Operating Profit -0.04% 0.91% -13.01%
Other Income/Expense, Net $39.70K $196.5K $221.8K
YoY Change -68.44% -11.4% -1064.72%
Pretax Income $1.270M $6.662M $3.966M
YoY Change -34.83% 67.97% -515.88%
Income Tax $621.5K $2.524M $891.9K
% Of Pretax Income 48.93% 37.88% 22.49%
Net Earnings $648.6K $4.138M $3.075M
YoY Change -39.92% 34.6% -419.51%
Net Earnings / Revenue 7.35% 11.93% 10.81%
Basic Earnings Per Share $0.13 $0.09
Diluted Earnings Per Share $0.02 $0.13 $94.02K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 32.70M shares 32.70M shares

Balance Sheet

Concept 2022 Q3 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.82M $23.82M $23.58M
YoY Change 1.03% 1.03% 15.05%
Cash & Equivalents $23.82M $23.06M
Short-Term Investments $522.6K
Other Short-Term Assets $1.751K $121.8K $56.66K
YoY Change 32.75% 114.88% -44.58%
Inventory $1.397M $1.397M $912.0K
Prepaid Expenses $120.0K
Receivables $48.86K $48.86K $67.07K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.39M $25.39M $24.61M
YoY Change 3.15% 3.15% 11.64%
LONG-TERM ASSETS
Property, Plant & Equipment $385.9K $822.4K $1.367M
YoY Change -21.45% -39.83% -7.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.390M $1.390M $1.521M
YoY Change -8.61% -8.61% 129.97%
Total Long-Term Assets $2.720M $2.720M $3.841M
YoY Change -29.19% -29.19% 7.22%
TOTAL ASSETS
Total Short-Term Assets $25.39M $25.39M $24.61M
Total Long-Term Assets $2.720M $2.720M $3.841M
Total Assets $28.11M $28.11M $28.46M
YoY Change -1.22% -1.22% 11.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.910M $2.910M $1.926M
YoY Change 51.14% 51.14% 133.85%
Accrued Expenses $905.3K $1.202M $878.0K
YoY Change 106.77% 36.86% 8.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.78K $22.78K $28.66K
YoY Change -20.52% -20.52% -5.29%
Total Short-Term Liabilities $10.12M $10.12M $8.919M
YoY Change 13.42% 13.42% 11.99%
LONG-TERM LIABILITIES
Long-Term Debt $32.95K $32.95K $72.10K
YoY Change -54.3% -54.3% -26.03%
Other Long-Term Liabilities $110.9K $110.9K $397.6K
YoY Change -72.1% -72.1% -10.74%
Total Long-Term Liabilities $143.9K $143.9K $469.7K
YoY Change -69.37% -69.37% -13.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.12M $10.12M $8.919M
Total Long-Term Liabilities $143.9K $143.9K $469.7K
Total Liabilities $10.34M $10.34M $9.472M
YoY Change 9.19% 9.19% 11.34%
SHAREHOLDERS EQUITY
Retained Earnings $23.01M
YoY Change 21.92%
Common Stock $3.270K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.77M $17.77M $18.98M
YoY Change
Total Liabilities & Shareholders Equity $28.11M $28.11M $28.46M
YoY Change -1.22% -1.22% 11.02%

Cashflow Statement

Concept 2022 Q3 2022 2021
OPERATING ACTIVITIES
Net Income $648.6K $4.138M $3.075M
YoY Change -39.92% 34.6% -419.51%
Depreciation, Depletion And Amortization $82.26K $91.97K $547.9K
YoY Change -23.72% -83.22% -30.33%
Cash From Operating Activities $3.730K $6.759M $5.258M
YoY Change -99.9% 28.56% -946.6%
INVESTING ACTIVITIES
Capital Expenditures $87.58K $105.6K -$11.38K
YoY Change -1391.74% -1028.12% -96.02%
Acquisitions
YoY Change
Other Investing Activities -$71.66K $288.3K -$232.9K
YoY Change 6.19% -223.77% 6.48%
Cash From Investing Activities -$159.2K $182.6K -$244.3K
YoY Change 114.42% -174.77% -51.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.02K $27.24K -14.13K
YoY Change -1007.69% -292.79% -92.0%
NET CHANGE
Cash From Operating Activities 3.730K 6.759M 5.258M
Cash From Investing Activities -159.2K $182.6K -244.3K
Cash From Financing Activities 46.02K $27.24K -14.13K
Net Change In Cash -109.5K $766.0K 4.999M
YoY Change -103.13% -84.68% -483.9%
FREE CASH FLOW
Cash From Operating Activities $3.730K $6.759M $5.258M
Capital Expenditures $87.58K $105.6K -$11.38K
Free Cash Flow -$83.85K $6.654M $5.269M
YoY Change -102.34% 26.28% -1671.96%

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IncreaseDecreaseInAccountsReceivable
-3042 usd
CY2021 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
137991 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-88593 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2914 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-804576 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
269883 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-852 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
38392 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
2691 usd
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
3115 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
1654112 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
1196639 usd
CY2022 EXDW Contingencyliability
Contingencyliability
-174948 usd
CY2021 EXDW Contingencyliability
Contingencyliability
239582 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
801827 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
401428 usd
CY2022 EXDW Increase Decrease In Tax Payable
IncreaseDecreaseInTaxPayable
1412487 usd
CY2021 EXDW Increase Decrease In Tax Payable
IncreaseDecreaseInTaxPayable
845464 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-353836 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1925308 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-393583 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-449767 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-142027 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
448771 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6759449 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5257817 usd
CY2022 EXDW Purchaseofpropertyplantequipment
Purchaseofpropertyplantequipment
-105620 usd
CY2021 EXDW Purchaseofpropertyplantequipment
Purchaseofpropertyplantequipment
-11376 usd
CY2021 EXDW Proceedsdisposalpropertyplantequipment
Proceedsdisposalpropertyplantequipment
42268 usd
CY2022 us-gaap Effects Of Unrealized Holding Gain Loss On Present Value Of Future Insurance Profits1
EffectsOfUnrealizedHoldingGainLossOnPresentValueOfFutureInsuranceProfits1
-237683 usd
CY2021 us-gaap Effects Of Unrealized Holding Gain Loss On Present Value Of Future Insurance Profits1
EffectsOfUnrealizedHoldingGainLossOnPresentValueOfFutureInsuranceProfits1
-275168 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
525952 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
182649 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-244276 usd
CY2022 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-23175 usd
CY2021 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-65414 usd
CY2022 EXDW Proceedfromsrelatedparties
Proceedfromsrelatedparties
50416 usd
CY2021 EXDW Proceedfromsrelatedparties
Proceedfromsrelatedparties
51281 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27241 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14133 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-6203364 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-1313252 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23056242 usd
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19370086 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
765975 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3686156 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23822217 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23056242 usd
CY2021 EXDW Propertyobtainedwithlease
Propertyobtainedwithlease
48354 usd
CY2022 EXDW Remeasurementleaseliability
Remeasurementleaseliability
114185 usd
CY2021 EXDW Remeasurementleaseliability
Remeasurementleaseliability
528320 usd
CY2022 EXDW Operatingexpensepaidbydirector
Operatingexpensepaidbydirector
146393 usd
CY2021 EXDW Operatingexpensepaidbydirector
Operatingexpensepaidbydirector
388650 usd
CY2022 EXDW Prepaymentmadebyrelatedpartiesonbehalfcomp
Prepaymentmadebyrelatedpartiesonbehalfcomp
1000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2785 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1776 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1097116 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
1953 usd
CY2022 us-gaap Reclassifications
Reclassifications
<p id="xdx_84E_eus-gaap--Reclassifications_zyglBt9Rh0Ke" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_865_z1d43vQwcVPe">RECLASSIFICATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_z3AdRzmVarwe" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_862_zE2dZFRhdqOe">USE OF ESTIMATES</span></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt">The presentation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as the date of the financial statements and the reported amounts of revenue and expenses reported in those financial statements. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to write-down in value of inventory, useful lives and impairment of long-lived assets and legal contingencies. The extent to which the COVID-19 pandemic may directly or indirectly impact the business, financial condition, and results of operations is highly uncertain and subject to change. Due to the high uncertainty of the evolving situation, the Company has limited visibility on the full impact brought upon by the COVID-19 pandemic and the related financial impact cannot be estimated at this time. Operating results in the future could vary from the amounts derived from management's estimates and assumptions.</span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
CY2022Q3 EXDW Deferredincomeperiodasof
Deferredincomeperiodasof
866916 usd
CY2021Q3 EXDW Deferredincomeperiodasof
Deferredincomeperiodasof
1515284 usd
CY2022 EXDW Advertisingcostsperiod
Advertisingcostsperiod
1493824 usd
CY2021 EXDW Advertisingcostsperiod
Advertisingcostsperiod
736195 usd
CY2022 EXDW Researchanddevelopmentcosts
Researchanddevelopmentcosts
253173 usd
CY2021 EXDW Researchanddevelopmentcosts
Researchanddevelopmentcosts
236317 usd
CY2022 EXDW Income Tax Expenses
IncomeTaxExpenses
2523924 usd
CY2021 EXDW Income Tax Expenses
IncomeTaxExpenses
891890 usd
CY2022Q3 EXDW Financeleequipment
Financeleequipment
77453 usd
CY2022Q3 EXDW Financelevehicles
Financelevehicles
36600 usd
CY2022 us-gaap Allocations To Policyholders Policies
AllocationsToPolicyholdersPolicies
<p id="xdx_897_eus-gaap--AllocationsToPolicyholdersPolicies_zV0Day5J4V9f" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BA_zzkmvWB3dMK5">As of September 30, 2022 and 2021, the Company’s due to related parties and directors</span> were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 66%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 1pt solid; width: 15%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><b>September 30, 2022</b></span></td> <td style="width: 2%; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: black 1pt solid; width: 15%; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><b>September 30, 2021</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Due to director</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Tomoo Yoshida, CEO, CFO, sole director and a shareholder of the Company</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">741,248 </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">741,248 </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Total due to director</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">741,248 </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 2.25pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">741,248 </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Due to related parties</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt; color: black"> </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt; color: black"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Keiichi Koga, a shareholder of the Company and a director of certain subsidiaries of the Company</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">  47,635 </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">  47,635 </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Force Internationale, the Company’s majority shareholder. Tomoo Yoshida is a director of Force Internationale</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; color: black"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,351,146</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt; color: black"> </span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,153,337</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Total due to related parties</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,398,781 </span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-bottom: black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,200,972 </span></td></tr> </table>
CY2022 us-gaap Depreciation
Depreciation
91969 usd
CY2021 us-gaap Depreciation
Depreciation
119551 usd
CY2022 EXDW Aggregateamortizationsoftware
Aggregateamortizationsoftware
261198 usd
CY2021 EXDW Aggregateamortizationsoftware
Aggregateamortizationsoftware
428374 usd
CY2022 EXDW Settlementsperiod
Settlementsperiod
413000 usd
CY2023Q1 EXDW Settlementamountspendingasof
Settlementamountspendingasof
446000 usd

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